Targa Resources Corp. (TRGP) has seen significant movement and interest from various major players and financial institutions. The company's stake has been adjusted by several entities, including Texas Permanent School Fund Corp, Chickasaw Capital Management LLC, and Oak Thistle LLC, indicating consistent financial market interest. A key move was TRGP's acquisition of
Stakeholder Midstream, adding around
$200 million to its Free Cash Flow and helping to bolster its Permian presence. Similarly, the launch and price adjustments of its Forza Pipeline should boost Delaware Basin growth.
JPMorgan shows a sense of positivity, lifting their price target on TRGP. Despite this, the company fell short of analyst revenue estimates and has seen some underperformance. However, it remains a top dividend stock as evidenced by its declaration of a quarterly cash dividend for Q3 2025. The company's
$1.25 billion Stakeholder Midstream deal positively affected the stock's rating. Even with recent fluctuations in share price, Wall Street Analysts still see potential growth for Targa Resources. The corporation's Q3 2025 earnings missed estimates, but Targa remains optimistic, showcasing resilience amidst market volatility.
Targa Resources Corp TRGP News Analytics from Fri, 21 Mar 2025 07:00:00 GMT to Sat, 20 Dec 2025 10:29:03 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -1
